324 Winthrop DrIthacaNY14850
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Ithaca at 324 Winthrop Dr, Ithaca, NY, 14850 at $624,000 posts ROI 21.89% with $313/mo cash flow from $4,480/mo rent. Total monthly income equals $4,480/mo, and annual cash flow records $3,758/yr on $205,296 to close. Return on cash invested measures 21.89% and rental yield reads 8.62% at the current $624,000. Equity gained on principal adds $4,027/yr, and 5% annual appreciation supports $172,400 by year five. Five-year ROI prints 114.1% and total cumulative return in cash totals $234,239.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,480/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1967
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14850, Ithaca, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,729 (100%) |
| Owner Occupied HU | 11,235 (34.3%) |
| Renter Occupied HU | 17,703 (54.1%) |
| Vacant Housing Units | 3,791 (11.6%) |
| Median Home Value | $378,270 |
| Average Home Value | $423,650 |
Housing Distribution
Address Breakdown
Residential
28,013
Single Family
20,515
Multi-Family
7,498
Businesses
1,944
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